June 22, 2016

Max Ventures Listing- CMP- How Wrong Were We !!!

Very StrangeMax Financial and Demerged (New ) Max India are Rs. 2 paid up. But Max Ventures is Rs. 10 paid up .We had expected Max Ventures to list around Rs. 500 per share. But Promoters Offer is at Rs.31 / 50p and CMP is around Rs.47. We do not understand. But we have bought some shares at CMP.----------------------------------------------------

June 22, 2016

What is the LIKELY fair value of one share of Max Venture ?---------------------- Let us do some study ( Only Study , No Investment , please ) . ( Please Recheck every fact and , especially figures like Share Capital etc.) . We May be Wrong------------------------------------------------------Max Ventures owns Max Specialty Films manufacturing Unit at its sprawling factory at Balachaur ( Dist. Ropar Punjab )In 2012 , a deal had been struck to sell this Unit to Treofan of Germany for Rs. 540 croreSource :-http://articles.economictimes.indiatimes.com/2013-02-14/news/37100086_1_max-india-insurance-and-healthcare-businesses-max-lifeSince , then fortunes of Films packaging units have improved many times . Study the performance of Peer group like Cosmos Films , Uflex etc ( whose share prices are at all time high ).We can the current enterprise value of Max Specialty Films at Rs. 1500 crore.The Share Capital of , now , emerged Max Ventures is around Rs. 50 crore i.e. 5 crore shares of Rs. 10 each.So , the likely value of one share of Max Ventures is Rs. 300.